The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-06-15
The Cincinnati Members OF the
Clique. strange to Say, Vau-
ish From all Attempts
TO LOCATE THEN, AND WHEN
FOUND THEY
Flatly Declare They Know Nothing
OF the "COrner''-The Charge
Against Them
MADE BY ROSENFELD & co.
CLAIMED 40 BE UNTRUE.
Suspicious of Banks Being Interested
In the "Deap Without FOun-
datiOn -Milwaukee's Bose.

CINCINNATI, OHIO, June l4.-The
very general impression that Cincia.
matt furnished large part of the
clique which has besn charged with
managing the Chicago wheat deal,
turned attention in this direction to.
day when the panic in wheat in Obi.
cage developed. Very strangely the
Cincinnati members of the clique
vanish from all attempts to locate
them. Mr. j. W. Wiltshire, who has
been publicly named ss one of the
mysterious number fl .tly declared,
when asked for inform alton as to tbs
cause of the trouble, that he knew
nothing about it. II he was so deeply
interested as charged, he gave no
sign, and went riding as usual when
Change hours were over. Others who
were suspected of being in the deal
were equally reserved. One OF the
leading men OF the supposed clique,
said he did not believe Cincinu ati
men were in at sll-that it was made
up of operators in California and
Cleveland. Whatever the truth may
be, there is no sign of any sui
fering here Outsiders, who have
some opportunities Of knowing, cay
that the clique was not caught deeply
in July wheat, and that June options
had been practically settled. A prom.
inent broker being ssked his opinion
of the truth OF the charges made by
Rosenfeld & Co., that the Cincinnati
members of The clique had failed to
furnish money today, said it
was more likely that the
market was broken in Chicago by
lying about Cincinnati banks. "Why,"
said he, "there were fifty or more tel
egrams received on 'Change today,
saying: Wheat weak, account of ru.
mos OF weakness of Cincinnati
banks" These dispatches we're 90
abundant as to indicate that there
must have been some concert of &C.
ton in the matter.
This theory is strengthened by the
receipt by the Fidelity Bank today
from number of correspondents Of
an anonymous printed circular intend
ed to injurs the banks standing.
They were mailed from this city Jule
1Ugb, llbu anu lOsLt anu 6oouu W nhN6
been the origin Of the rumors circu-
lated today. The officers of the Fidel.
ity Bank are making rigid search
for the author Of this circular. In.
stead Ct anything in the likeness of q
run, the bank was busy receiving de-
positt. This epis1d de Of the Chicsgo
wheat panic has caused much
feeling here. and the Commercial
Gazette will in its editorial col
umns tomorrow speak of il thus:
Yesterday, after the decline, the
city was full OF rumors. Among these
we're dispatches that the Fidelity Ma.
tional Bank was affected We visited
that bank, and we are authorized by
its president, Mr.. Briggs Swift, to cay
that the Fidelity National Bank is in
no wsy directly or indirectly con-
cerned with the 80 called deal, and
cannot be affected by the result. There
is not in the fidelity bank dollar Of
security in the shape OF Chicago wheat
warehouse receipts for loans, and no
loans cfany kind in connection with
Chicago transactions that are not per-
fectly good.